KBC Group NV Sells 5,905 Shares of Howmet Aerospace Inc. (NYSE:HWM)

KBC Group NV lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,367 shares of the company's stock after selling 5,905 shares during the quarter. KBC Group NV's holdings in Howmet Aerospace were worth $4,525,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HWM. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $33,000. Assetmark Inc. lifted its stake in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after buying an additional 126 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.7 %

Shares of Howmet Aerospace stock opened at $127.30 on Friday. The firm has a market capitalization of $51.72 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm's 50 day moving average is $116.62 and its 200 day moving average is $104.28. Howmet Aerospace Inc. has a 1 year low of $55.89 and a 1 year high of $129.10.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace's payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HWM. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Susquehanna lifted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research note on Thursday, November 7th. Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.